Dorman company purchased a new machine for its production process. The following costs were incurred for the new machine. Training costs for workers who will operate the machine $15,000 Wages paid to workers who operate the machine during production 109,000 Ordinary repairs to the machine before the first production run 1,000 1 Cost of platform used to properly secure the machine 30,000 Costs of tests run which took place before the first production run 8,000 WHICH COSTS SHOULD BE ADDED TO THE COST OF MACHINE?
Dorman company purchased a new machine for its production process. The following costs were incurred for the new machine. Training costs for workers who will operate the machine $15,000 Wages paid to workers who operate the machine during production 109,000 Ordinary repairs to the machine before the first production run 1,000 1 Cost of platform used to properly secure the machine 30,000 Costs of tests run which took place before the first production run 8,000 WHICH COSTS SHOULD BE ADDED TO THE COST OF MACHINE?
Chapter9: Acquisitions Of Property
Section: Chapter Questions
Problem 46P
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Question
Dorman company purchased a new machine for its production process. The following costs were incurred for the new machine.
Training costs for workers who will operate the machine $15,000
Wages paid to workers who operate the machine during production 109,000
Ordinary repairs to the machine before the first production run 1,000
1
Cost of platform used to properly secure the machine 30,000
Costs of tests run which took place before the first production run 8,000
WHICH COSTS SHOULD BE ADDED TO THE COST OF MACHINE?
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